Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Reaches New 52-Week High – Still a Buy?

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB)’s share price hit a new 52-week high on Thursday . The stock traded as high as $121.16 and last traded at $119.32, with a volume of 95528 shares. The stock had previously closed at $120.22.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Wall Street Zen raised shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 6th. Zacks Research upgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Grupo Aeroportuario del Centro Norte currently has an average rating of “Hold” and an average target price of $102.50.

Grupo Aeroportuario del Centro Norte Price Performance

The firm has a market capitalization of $4.98 billion, a P/E ratio of 20.70, a PEG ratio of 1.83 and a beta of 0.76. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.17. The business’s 50 day moving average is $109.49 and its 200-day moving average is $106.59.

Grupo Aeroportuario del Centro Norte Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 5th. Stockholders of record on Wednesday, November 26th were issued a $2.5219 dividend. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a dividend yield of 471.0%. Grupo Aeroportuario del Centro Norte’s dividend payout ratio is 78.05%.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Hedge funds have recently added to or reduced their stakes in the stock. ABS Direct Equity Fund LLC grew its stake in shares of Grupo Aeroportuario del Centro Norte by 5.8% during the fourth quarter. ABS Direct Equity Fund LLC now owns 13,650 shares of the transportation company’s stock worth $1,485,000 after buying an additional 750 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new stake in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter valued at $647,000. Quent Capital LLC bought a new stake in Grupo Aeroportuario del Centro Norte during the 4th quarter worth $2,690,000. Advisors Capital Management LLC increased its holdings in Grupo Aeroportuario del Centro Norte by 5.5% in the 4th quarter. Advisors Capital Management LLC now owns 40,048 shares of the transportation company’s stock worth $4,356,000 after purchasing an additional 2,070 shares in the last quarter. Finally, Novem Group bought a new position in Grupo Aeroportuario del Centro Norte in the fourth quarter valued at about $1,167,000. Institutional investors and hedge funds own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long‐term concessions granted by the Federal Government of Mexico. The company’s core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.